Employment

December 13, 2017

Bulgaria is among the EU member states with the strongest employment growth in the third quarter of the year, shows the data of the European statistical office Eurostat. The increase of employment in the country has reached 1.0% in the period July-September compared to the second quarter of 2017. The growth on annual basis is

December 9, 2017

The US jobless claims unexpectedly dropped last week, suggesting a rapid improvement in labor market conditions, the US Labor Ministry reported. The new applications for unemployment benefit fell by 2,000 to seasonally adjusted 236,000 for the week ending December 2nd. This is the third consecutive weekly decline in new unemployment claims. The economists predicted that

December 7, 2017

The unemployment in Greece declined to 20.5% in September 2017, excluding seasonal factors, following revised data of 20.7% in the previous month, shows the country’s statistical office. This is the lowest level of unemployment in the country since October 2011, with the number of unemployed continuing to decline. However, the share of unemployed remains double

The US labor costs are much lower than previously expected, both in the second and the third quarter. According to the agency, data suggest that inflation will remain weak for some time. The Labor Ministry reported that labor costs declined by 0.2% quarter-on-quarter during the July-September period against an expectations for growth by 0.5%, as

The US employment continues to grow in November with 190,000 new jobs, which is better than the market expectations for 185,000. However, they are less than the previous month when 235,000 new jobs were created. For industry, November was the best month of the year with 40,000 new jobs created. The companies in the service

December 4, 2017

The usage of robots and automation will have significant impact on labor markets at least until 2030, according to a new study of the McKinsey Global Institutes. The automation can eliminate 24% of the probable number of working hours in Germany by that time, shows the report. According to experts, this share will reach 23%

Bulgaria is leader in growth of minimum wage for the period 2010-2018, but still remains the poorest country in the EU. According to the European foundation Eurofound, the minimal wage in Bulgaria rose by 83.6% for the last seven years, but also calculating the projected growth in 2018, it will be 112.5%. Despite of this

November 30, 2017

The number of Americans applying for unemployment benefits decline again during the Thanksgiving week, indicating the strength of the labor market. The Labor Ministry reported that the number of unemployment claims has fallen by 2000 last week to 238,000, taking seasonal factors into account, remaining close to the 40-year minimum reached last month. The four-week

The EU unemployment slightly decreased in October 2017, reaching 7.4% compared to 7.5% in September. On an annual basis, however, there was a more significant decrease compared to 8.3% in October 2016, representing a difference of 0.9 percentage points. This is the lowest unemployment rate in the region since November 2008. The unemployed citizens in

The unemployment in Bulgaria remains stable in October 2017, standing at 6.1%, according to the latest Eurostat seasonally adjusted data. The unemployment rate in Bulgaria has remained stable over the past four months, ranging between 6.1% and 6.2%. On an annual basis, there is still a significant decrease, from 7.0% unemployment rate in October last